📜 Local Government Regulations Amendment (Auditing) Regulations 2018
Regulations26 Jun 2018 p. 2384-926 June 2018
Principal Act
The Local Government Regulations Amendment (Auditing) Regulations 2018 amends the Local Government (Audit) Regulations 1996 and the Local Government (Financial Management) Regulations 1996. Key changes include updates to audit requirements, asset valuation, and the functions of audit committees.
Local governments, auditors, and CEOs will be affected by the changes to audit procedures, asset valuation requirements, and the responsibilities of audit committees. Auditors must adhere to updated auditing standards. CEOs have new obligations regarding providing documents to the Auditor General and protecting assets.
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